• What is an Unreserved Public Auction?
• May I test the units?
• Is there a fee for registration?
• How do I register?
• What do I do with the Bid Book?
• How does the actual bidding go?
• How about if the highest bid received for a unit is P100.00?
• If I don't win anything, how much will be my refund and when can I get it?
• If I win, what do I have to pay?
• How do I pay the items?
• How do I pull out the units?
• Can we buy one unit only?
• What about LTO registration?

It is an auction whereby EVERYTHING IS SOLD TO THE HIGHEST BIDDER. ALL ITEMS WILL BE SOLD AT THE HIGHEST BID PRICE.  

Yes. During the inspection dates, we will lend you the keys of most of the units. To help you make a better judgment, you may bring your own mechanic or technician to help you test the units.  

NO. REGISTRATION IS FREE. You just need to bring the following:
1. Valid photo I.D.
2. Refundable deposit of P100,000.00 (Cash or Manager's Check / Demand Draft) drawn on any universal bank payable to ASIA INTERNATIONAL AUCTIONEERS, INC. We will not accept out-of-town checks.  

You will need to fill out an Application for Registration/Agreement Form and pay the required deposit. We will give you a Bid Book and Listing Catalog with a corresponding Bidder Number.  

The Bid Book lists the items up for sale in the order by which they will be sold. During the bidding proper, all you have to do is raise your Bid Book to signify your desire in bidding for a particular unit. You will be responsible for all purchases applied to your Bidder Number, regardless as to whether the bid was made by you or your friend or your family members.  

When the auction begins, AIA "bid catchers" will be stationed near the unit being sold. They will assist you in the bidding process by signaling your bid to the Auctioneer and by letting you know when you need to bid again. If your bid is the highest and no other bidder increases your bid amount, the item is sold to you and your bidder number is called and recorded as the successful Buyer.  

We will sell the unit at P100.00.  

You can get your FULL REFUND ON THE SAME DAY.  

Upon winning, we will deduct the P100,000.00 deposit from your total purchase price. You will only have to pay the balance plus the corresponding motor vehicle registration fees, if applicable (kindly inquire from the AIA Registration Office for details). Applicable Philippine Taxes and Duties prior to registration are paid.  

Payment can be made via cash or check to the AIA Registration Office or via deposit to any of our bank accounts (please inquire from same Office for details). Full payment must be made on or before the published deadline indicated in the Bid Book.  

Upon full payment, we will issue you complete documents for your purchases and authority to pull out. Removal and pull out of units are buyer's responsibility. You may choose any trucking/shipping company to bring out your units to your desired destination.  

Yes. In our auctions, "lot" hardly refers to bulk purchases. Units like trucks, equipment, vans, and even construction machines are sold INDIVIDUALLY.  

All units requiring registration have been processes with the Land Transportation Office (LTO) under the name of AIA. Corresponding fees pertaining to said registration shall be added to your total purchases. Likewise, transfer of ownership will be for the account of the buyer. Auctioneer may facilitate said transfer subject to buyer's payment of transfer fees.